Merit Financial Group LLC Buys 12,448 Shares of iShares Convertible Bond ETF $ICVT

Merit Financial Group LLC grew its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 62.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 32,468 shares of the company’s stock after acquiring an additional 12,448 shares during the quarter. Merit Financial Group LLC owned about 0.12% of iShares Convertible Bond ETF worth $3,248,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new position in iShares Convertible Bond ETF in the third quarter valued at about $26,000. Sound Income Strategies LLC grew its stake in iShares Convertible Bond ETF by 585.4% during the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock worth $29,000 after buying an additional 240 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in iShares Convertible Bond ETF in the 3rd quarter valued at about $62,000. Hantz Financial Services Inc. acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $84,000. Finally, Phillips Financial Management LLC acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $124,000.

iShares Convertible Bond ETF Stock Up 0.1%

Shares of iShares Convertible Bond ETF stock opened at $104.81 on Wednesday. The company has a 50 day moving average of $101.97 and a 200-day moving average of $99.61. iShares Convertible Bond ETF has a 1-year low of $77.02 and a 1-year high of $106.32.

iShares Convertible Bond ETF Company Profile

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.